After completing this course, the learner should be able to:
- Identify areas of the financial statements that contain accounting or reporting uncertainty.
- Understand the proper accounting treatment of loss contingencies under U.S. GAAP.
- Discuss how to evaluate the sufficiency of accounting for areas of estimation, such as common allowances and accruals.
- Describe the important considerations when determining the proper disclosure of going concern and other areas of uncertainty.
Jennifer F. Louis, CPA, has over 25 years of experience in designing and instructing high quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering practical and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc. Jennifer started her career in Audit for Deloitte & Touche LLP. Jennifer graduated summa cum laude from Marymount University with a B.B.A.-Accounting.
Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823